Multiple choice general knowledge

Mention the legal status of contract?

  1. Valid

  2. Void

  3. Voidable

  4. All the options

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A contract can have multiple legal statuses: valid (legally binding), void (not legally enforceable from the beginning), or voidable (can be cancelled by one party). All three represent possible legal states of contracts.